A supply chain is a network of organizations, people, activities, information, and resources involved in the production and delivery of a product or service from the initial supplier to the end customer. It encompasses all steps that are required to get a product or service to market, including sourcing raw materials, manufacturing, warehousing, transportation, and distribution. The goal of a supply chain is to optimize operations to ensure efficiency, reduce costs, increase speed, and enhance customer satisfaction. Effective supply chain management involves coordinating and managing these interconnected processes and stakeholders to create a seamless flow of products and information, ultimately ensuring that customer demand is met in a timely and cost-effective manner.
The Rise of Sustainable Supply Chains As global businesses come under pressure to implement eco-friendly initiatives, the supply chain has emerged as a pivotal arena for integrating Environmental, Social, and…